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Silver Daily Technical Analysis and Outlook:
After a close below the mentioned support level at 19.94 market moved in a range between 20.26 and 19.67. The support zone
at 19.79.19.64 so far held the market well. In the current price scenario we could see a move down to the 19.05-18.87 zone, prolonging this wave down. However after the current wave down with the initial support at 19.05-18.87 we are expecting a price reversal to the upside. The chances of this upside price reversal will be invalidated with a move below the 18.19 level.
at 19.79.19.64 so far held the market well. In the current price scenario we could see a move down to the 19.05-18.87 zone, prolonging this wave down. However after the current wave down with the initial support at 19.05-18.87 we are expecting a price reversal to the upside. The chances of this upside price reversal will be invalidated with a move below the 18.19 level.
Happy Trading..
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